Sandvik Machining Solutions has reportedly divested its 10% minority ownership in Gesac, a Chinese joint venture originally formed in 2005 to secure the supply of tungsten.

Since then, Sandvik Machining Solutions has expanded its cutting tool recycling capabilities as well as acquired Wolfram Bergbau und Hütten in 2009, an international supplier of tungsten powders.

The minority holding will sold to Xiamen Tungsten Co Ltd, the majority owner of Gesac for around approximately SEK 0.7 billion.

This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.